Tax-exempt organizations: Clean energy incentives and direct pay
(authored by RSM US LLP) The IRA enables tax exempt entities to realize liquidity for certain energy related credits and incentives.
FASB votes to simplify accounting for common control leases
(authored by RSM US LLP) For common control leases, the FASB is drafting amendments to simplify determining whether a lease exists, the classification of the lease, and accounting for leasehold improvements.
Required minimum distributions after SECURE 2.0
(authored by RSM US LLP) SECURE 2.0 changes the rules governing how and when certain retirement savers can withdraw money from their retirement accounts and IRAs.
Retirement plan changes for long-term, part-time employees
(authored by RSM US LLP) SECURE 2.0 changes the rules for how long-term, part-time employees are treated for purposes of 401(k) and 403(b) retirement plans.
Nonprofits after the Great Resignation: Overcoming the workforce shortage
(authored by RSM US LLP) Nonprofits need to overcome the workforce shortage. Organizations must innovate because the labor market will remain tight for the foreseeable future.
Requirements for Form 1099-NEC Filers
The Louisiana Department of Revenue (LDR) issued information for all business that are required to file with the IRS, for the tax year 2022, Forms
Our Commitment to Our Nonprofit Clients
LaPorte CPAs & Business Advisors has a proud history of serving the nonprofit community. A principal component of that commitment is sharing our knowledge and
Treasury Priority Guidance Plan 2022-2023 – Exempt Organizations
(authored by RSM US LLP) The Treasury Department and the IRS released the 2022-2023 Priority Guidance Plan, which contains a number of items affecting exempt organizations.
A Guide to Building a Successful Board
A nonprofit organization’s board plays a big part in the success or failure of the organization and is responsible for its fiduciary wellbeing. Finding the
Exempt organization inflation adjusted items for 2023
(authored by RSM US LLP) Rev. Proc. 2022-38 provides the annual inflation adjustments for more than 60 tax provisions, including those affecting exempt organizations.
U.S. jobs report: Hiring slows as another 75-basis-point rate increase looms
(authored by RSM US LLP) The U.S. economy is proving far more resilient in the face of sustained pricing pressures than otherwise thought a short time ago.
FASB to propose changes to related party leases guidance
(authored by RSM US LLP) The FASB recently voted to issue proposals on the determination of an arrangement as a lease and the financial reporting requirements for related party lease arrangements for certain entities.